JSW Cement Limited has informed the Exchange regarding Resignation of Mr Utsav Baijal as Nominee Director (Non- Executive Non-Independent) Director of the company w.e.f. November 04, 2025.
JSWCEMENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Utsav Baijal has stepped down as Non-Executive Nominee Director of JSW Cement Limited, effective close of business on November 4, 2025. He also ceases to be a member of all Board Committees from the same date. His resignation follows JSW Cement's recent IPO and stock exchange listing. He was originally appointed on the Board under a Shareholders Agreement dated July 27, 2021 involving private equity investors Adarsh Advisory Services and AP Asia Opportunistic Holdings. An Amendment and Waiver Agreement dated August 12, 2024, signed alongside the IPO, made his continued nominee role no longer applicable. This is a pre-agreed, post-listing governance transition rather than any sudden or contentious departure.
Minimal impact for shareholders — this is a planned, contractual exit of a pre-IPO investor nominee director, not a management or governance shake-up. The company's executive leadership and operations remain unaffected.